Gold is testing support at 1208/10!
As I wrote in my gold analysis from December 10., ‘the bulls have a lot of work here on the way up’, we can see that gold is stoped at December 09. exactly at 50.0 fibo return from the July 10. –> November 07. fall and back slowly to the support level at 1208/10 today, pushing down continuously with H4 down trendline in the last 4 days. For now MA200/H1, 38.2 fibo and previous resistance, now support 1208/10 could hold, but could the gold rebaund back up, let’s see!?